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The 6-day The International Defence Industry Fair (IDEF), considered one of the world’s largest defence events, opened on Tuesday in Istanbul, Türkiye, with top ministers and commanders from foreign countries in attendance.
The annual 17th edition spans multiple venues, including the Istanbul Fair Center, just near the Ataturk Airport. It is organized by KFA Fairs with support from Türkiye’s Defence Industries Secretariat and the Turkish Armed Forces Foundation.
Officials from 33 countries are expected to attend, with 44 countries showcasing stalls and more than 400 global brands participating.
Turkish President Recep Tayyip Erdoğan delivered an official speech, saying, "Türkiye's production rate in the defence industry has now elevated to 80%."
Exhibits feature land, air, and naval systems, including tanks, missiles, UAVs, satellites, combat ships, and communication systems.
The event also highlights innovations in security and logistics technologies which visitors can explore.
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
The inaugural Silk Road Finance & Technology Forum brought together policymakers, investors and technology companies as Central Asia looks to build a more connected financial system and compete for a bigger share of global fintech investment.
Uzbekistan's region of Karakalpakstan is developing three cryptocurrency mining facilities and three data centers with a combined investment of $5.1 billion, as the region seeks to attract larger and higher-quality investments.
A restaurant payment with a Visa card in Damascus has become a symbol of Syria’s reconnection with the global financial system.
The Silk Road Finance & Technology Forum will bring more than 6,000 policymakers, investors and technology leaders from 74 countries to Tashkent, as Central Asia seeks a bigger role in the global fintech landscape.
Kazakhstan is considering the Baku-Supsa pipeline as an alternative oil export route after Caspian Pipeline Consortium disruptions cost the country an estimated 3.5 million tonnes of oil, Energy Minister Yerlan Akkenzhenov said.
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